The First Marblehead Corporation Completes Acquisition of Union Federal Savings Bank.BOSTON -- The First Marblehead Corporation (NYSE NYSE See: New York Stock Exchange : FMD FMD foot-and-mouth disease. ) announced today that it has completed its previously announced acquisition of Union Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks (UFSB UFSB Union Federal Savings Bank UFSB Ultra Shallow Floor Beams ) of North Providence, Rhode Island North Providence is a town in Providence County, Rhode Island, United States. The population was 32,411 at the 2000 census. Geography According to the United States Census Bureau, the town has a total area of 15.0 km² (5.8 mi²). 14.7 km² (5.7 mi²) of it is land and 0. . About The First Marblehead Corporation. First Marblehead, a leader in creating solutions for education finance, provides outsourcing services for private, non-governmental, education lending in the United States. The Company helps meet the growing demand for private education loans by providing national and regional financial institutions and educational institutions, as well as businesses and other enterprises, with an integrated suite of design, implementation and securitization services for student loan programs tailored to meet the needs of their respective customers, students, employees and members. About Union Federal Savings Bank. Union Federal Savings Bank is a $40 million asset community bank with a single branch located in North Providence, Rhode Island. The Bank provides deposit and loan services to retail customers throughout the state. For more information, visit http://www.firstmarblehead.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion